On the fungibility of spending and earnings -- evidence from rural China and Tanzania (English)

A common behavioral assumption of micro-economic theory is that income is fungible. Using household panel data from rural China and Tanzania, this study finds however that people are more likely to spend unearned income on less basic consumption goods such as alcohol and tobacco, non-staple food, transportation and communication, and clothing, while they are somewhat more likely to spend earned income on basic consumption goods such as staple food...

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Author

Christiaensen,Luc;

Pan,Lei;
Document Date
2012/12/01
Document Type
Policy Research Working Paper
Report Number
WPS6298
Volume No
1
Total Volume(s)
1
Country
Tanzania, China,
Region
East Asia and Pacific, Eastern and Southern Africa,
Disclosure Date
2012/12/01
Disclosure Status
Disclosed
Doc Name
On the fungibility of spending and earnings -- evidence from rural China and Tanzania
Keywords
unearned income

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Citation

Christiaensen,Luc; Pan,Lei.

On the fungibility of spending and earnings -- evidence from rural China and Tanzania (English). Policy Research working paper ; no. WPS 6298 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/282891468025476063

On the fungibility of spending and earnings -- evidence from rural China and Tanzania (English)

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